Charts of the week from 18 to 22 August 2025: number of persons in employment, average gross wage per employee and Slovenian industrial producer prices
The number of persons in employment has been stagnating in recent months (seasonally adjusted); in the first half of the year, it was 0.4% lower year-on-year. Compared to the same period last year, it was higher primarily in public service activities. The year-on-year nominal growth in the average gross wage remained high in June (7.4%, 5.1% in real terms).…
Charts of the week from 21 July to 14 August 2025: GDP, economic sentiment, consumer prices, unemployment and other charts
Following a contraction in the first quarter, economic activity expanded in the second quarter, both quarter-on-quarter (0.7%, seasonally adjusted) and year-on-year (0.7%). In July, the economic sentiment indicator in Slovenia strengthened slightly,…
Charts of the week from 14 to 18 July 2025: activity in construction, number of persons in employment, current account of the balance of payments, road and rail freight transport
Following a decline in the first quarter, construction activity increased in April and May, exceeding the level recorded in the same period last year. In the first five months of the year, it was lower than in the same period last year, with the most pronounced decline observed in civil engineering.…
Charts of the week from 7 to 11 July 2025: production volume in manufacturing and electricity consumption by consumption group
Following a contraction earlier in the year, manufacturing output increased in May, across most groups of industries by technological intensity. In the first five months, it was 2% lower year-on-year. Industrial electricity consumption, which can serve as an indicator of economic activity, was…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
Economic growth is expected to accelerate to 2.1% this year, which is slightly lower than expected in the autumn forecast. Domestic consumption will be a key driver of GDP growth this year, in particular continued growth in private consumption supported by rising wages and social transfers, as well as a recovery in investment after last year’s decline. Economic growth is expected to accelerate slightly over the next two years. Average inflation will be 2.3% this year. While price increases will remain moderate in most groups, services will continue to outpace overall inflation. In the absence of shocks, inflation is expected to fall slightly after 2025 and hover around 2%.
Labour market
In addition to economic conditions, demographic changes also play a significant role in shaping the labour market. Given the high level of employment and labour shortages, employment is expected to increase by 0.1% this year and by 0.4% and 0.5% respectively over the next two years, amid moderate economic growth. Unemployment will continue to decline slightly, with the number of registered unemployed falling not only due to the transition into employment, but also due to the increasing transition from unemployment to inactivity or retirement.
International trade
With the gradual recovery in foreign demand, exports of goods and services are expected to continue growing this year and in the coming years, albeit at a slower pace than before the pandemic and the energy crisis. After last year’s strong growth, which moderated markedly in the last quarter, growth in goods exports is expected to align more closely with foreign demand growth, while growth in services exports will accelerate further. The current account surplus remained high last year and will narrow gradually in 2025–2027.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.